Is West Fargo, ND a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, West Fargo was a Neutral Market.
Housing Prices in West Fargo, ND
How much do homes in West Fargo, ND cost?
Median Sold Price
$327,900
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in West Fargo was $327,900 in April 2024, up 2.5% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $147.5K | $130K | -11.9% |
2 Bedrooms | $266K | $245K | -7.9% |
3 Bedrooms | $260.5K | $290.1K | +11.4% |
4 Bedrooms | $352.1K | $353K | 0.2% |
5+ Bedrooms | $532.1K | $580.2K | +9.0% |
Summary: West Fargo housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.9%, 2 bedroom homes decreased by 7.9%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 9%.
Median Sold Price Compared To Nearby Cities
Mapleton Township | $290K | $310K | +6.9% |
West Fargo | $319.9K | $327.9K | +2.5% |
Fargo | $275.1K | $279.9K | +1.7% |
Housing Supply in West Fargo, ND
How many homes are available in West Fargo, ND?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
216 | 258 | +19.4% |
Summary: The West Fargo real estate market had 258 homes for sale in April 2024, a 19.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 20 | 23 | +15.0% |
3 Bedrooms | 66 | 84 | +27.3% |
4 Bedrooms | 89 | 104 | +16.9% |
5+ Bedrooms | 40 | 46 | +15.0% |
Summary: The West Fargo housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes increased by 15%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
38 | 46 | +21.1% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 46 homes were sold or pending in West Fargo in April 2024, up by 21.1% month-over-month. Of the 46 sold homes, 41% were sold under asking, 30% were sold at asking, and 28% were sold over asking.
Days on Market for West Fargo, ND
How long does it take to sell a home in West Fargo, ND?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 46 homes were sold in West Fargo; 0% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.